Expand my undergarments business

Elizabeth

Ruiru, Kiambu County, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Elizabeth

Member since

July 2014

On-time repayments

268 installments • 67%

About Me

I am a hardworking lady who loves her family and loves doing business. I believe that business is very important in the growth of every country. Additionally the more people are in business, the lower the unemployment rate becomes. I thank God for Zidisha which is a great platform for budding business people.

My Business

I started my business about three years ago with an initial capital of Ksh150,000 ($1726) it entails reselling of both men‘s underwear and socks as well as women‘s underwear .The business accrues a monthly income of Ksh25,000 ($288) in sales and a net profit of about Ksh9,000 ($104).My monthly expenses include rent for the business premises and salary for my one employee all totaling to Ksh15,000 ($173) .My business projections for the coming years is to expand it to a larger one with huge variants of products to counter the costs I encounter. I want to also want to create more jobs to the community around by employing a few more personnel.

Loan Proposal

Like I've mentioned before I sell undergarments I opened two shops one has got almost enough stocks though I keep adding more goods with part of profit that I get, one shop still has alot to be done, i got somwhere where i can source goods at a very cheap price each bale will cost me $200 and the minimum one buys is 5bales, but you have to buy in bulks and buying in bulks you need lots of cash that's why I've come to you with a sincere and a humble heart for another loan, thank you.